A single premium deferred annuity or SPDA, is an investment plan that resembles an IRA, but it has no limit to how much you can contribute annually. A single premium deferred annuity also lets your assets grow on a tax-deferred foundation. It allows you to set up a flow of assured retirement income with just a one-time payment.
Single-Premium Deferred Annuity lets you set up a definite interest rate for a period of one to five, or seven years without your interest rate changing. You may also be able to make yearly withdrawals of up to ten percent of your single premium deferred annuity fund without having to deal with a surrender charge.
Call us now to help you make the right choices when it comes to Single Premium Deferred Annuity insurance. Call 1-800-820-9707 now to speak with a Single Premium Deferred Annuity Insurance Expert.